Word: switzerland
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...despite U.N. sanctions. The U.S. seized $1.5 billion, but a huge hoard remains. John Fawcett, who investigated Saddam's finances for the Coalition for International Justice, notes that some European countries don't seem eager to sniff out Saddam's hidden money, since they would then face losing it: "Switzerland, Liechtenstein and Luxembourg could be much more aggressive." Neither has France shown much zeal. And even after Saddam's regime fades, the allure of holding his money may not. THE BOTTOM LINE 'Look what Madonna did for bras: why can't people be like that with masks?' Prudence Mak-Borelli...
...furious at the Martin Luther King Day ambush. "He had won an internal debate within the Administration to go to the U.N.," says a Republican Senator. "But the French ratted out on him. That lowered his stock." The next weekend Powell flew to the World Economic Forum in Davos, Switzerland, and friends found him despondent. "He was frustrated by the disinterest of the allies," says a Congressman who spoke to him at Davos. "He had laid out the facts about Iraq's transgressions. He truly believed we'd done all we could on the diplomatic front. We'd exhausted...
...Ernesto was at Harvard in the early 1990s, his father sent him company papers so he could keep abreast of what was happening back home. That smoothed the transition when Ernesto took over as CEO. He has streamlined the organization, ending an unwieldy division between operations in Italy and Switzerland, and in 2000 he listed Serono on the New York Stock Exchange. Most riskily, he steered Rebif through a contentious approval process in the U.S. that involved taking on an already authorized rival treatment by Biogen in a head-to-head clinical trial--and winning. Biogen had enjoyed a temporary...
...come from three or five generations." Still, being the majority shareholder as well as CEO allows for some freedoms that would be unthinkable at any nonfamily company. Bertarelli spent most of the past six months in New Zealand preparing for the America's Cup, which he won for landlocked Switzerland with his yacht Alinghi. Although he kept in touch by phone, e-mail and videoconference, managing a company from the other side of the world was evidently a challenge, and Bertarelli put in place a deputy CEO--who is not a relative--to help...
...Ranking of Zurich, Switzerland, in the same survey...